Charlotte Watts, Head of Energy and Mining in Asia, added, “Carbon Capture, Utilisation and Storage (CCUS) takes a strategically critical role in Asia’s decarbonisation pathway as well as its energy strategy. At Willis, we have developed a proprietary CCS insurance product that addresses these risk concerns right across the project lifecycle. This is particularly vital given the cross-border exposure of many CCUS projects in Asia, which require a proper coordinated risk management strategy. Our product is modular, allowing developers to insure only the risks and elements of the value chain they require.”
SINGAPORE: Willis, a WTW business. today announced the launch of its Carbon Capture and Storage (CCS) insurance solution.
The CCS solution is a fully integrated insurance suite designed specifically to support developers and operators across the CO₂ capture, transportation, and storage value chain. It adapts upstream energy, marine, liability and environmental protections to the risks of CCS operations.
The solution is designed to provide bankability enabling coverage, aligned with regulatory and carbon credit requirements, and is built to support operators, investors and emitters across every stage of a project lifecycle. The service offering extends beyond conventional insurance to include front-end engineering design (FEED) phase risk engineering support, best‑practice knowledge sharing, contractual risk allocation advice, lender and regulatory support, and tailored insurance solutions.
Key coverage points include:
-End‑to‑end risk coverage across the CCS value chain, from construction and commissioning through long‑term operations.
-Protection for physical assets and revenues, including property damage, business interruption, and value‑chain downtime.
-Certainty of risk transfer for complex CCS exposures, covering first‑of‑a‑kind technologies.
-Comprehensive liability protection, addressing third‑party claims, plume migration, terminal operations, and off‑spec CO₂ risks.
-Leakage event response and remediation cover, funding corrective measures following unintended CO₂ releases.
-Financial protection under carbon credit and offtake regimes, mitigating exposure to non‑delivery penalties and mandatory carbon market obligations.
Marie Reiter, Head of Global Broking Strategy, Natural Resources, said, “ Carbon capture and storage projects face first‑of‑a‑kind risks, complex contractual structures, and rapidly evolving regulatory requirements. Effective risk management is critical to building bankability and long‑term resilience.”
Charlotte Watts, Head of Energy and Mining in Asia, added, “Carbon Capture, Utilisation and Storage (CCUS) takes a strategically critical role in Asia’s decarbonisation pathway as well as its energy strategy. At Willis, we have developed a proprietary CCS insurance product that addresses these risk concerns right across the project lifecycle. This is particularly vital given the cross-border exposure of many CCUS projects in Asia, which require a proper coordinated risk management strategy. Our product is modular, allowing developers to insure only the risks and elements of the value chain they require.”